Mattress Mack may have taken some losses but he is back in a big way.
Jim “Mattress Mack” McIngvale made a big bet on University of Houston to win the national championship to support his Gallery Furniture promotion.
McIngvale has placed a $1 million bet on the Houston Cougars to win the 2024 NCAA Tournament, according to Caesars Sportsbook. He bet on Houston at +750 on the money line. A Cougars national championship would pay him out $7.5 million.
The 73-year-old typically places bets on teams in Texas, including a $3 million bet on TCU to defeat Georgia in the 2023 College Football Playoff Championship game which failed.
McIngvale lost $500,000 in the NFL playoffs by betting on his hometown Houston Texans to beat the Baltimore Ravens in the divisional round.
Two years ago, he lost $9.5 million betting on the Bengals to win the Super Bowl before winning a record $72.6 million in bets on the Houston Astros to win the World Series.
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The Cougars are off to a 25–3 start as they have a suffocating defense. The program has never won a national championship, despite Final Four appearances in 1967, 1968, 1982, 1983, 1984 and 2021.
